Investment and Financial Markets

Learn how the IRS verifies real estate cost basis using purchase records, improvements, and historical data to ensure accurate tax reporting.

Learn how long to keep FSA receipts, why retention matters for audits and verifications, and when it’s safe to discard them based on plan requirements.

Learn how long state-issued checks remain valid, what happens if they expire, and the steps to request a reissue under unclaimed property laws.

Learn how to document and verify your disability status for an IRA withdrawal, ensuring compliance with IRS rules and avoiding potential penalties.

Understand Pennsylvania residency rules, including time requirements, domicile distinctions, and necessary documentation for tax and legal purposes.

Understand how Wisconsin taxes gambling winnings and losses, including tax rates, reporting rules, deductions, and key considerations for residents and visitors.

Find out if the Toyota RAV4 Hybrid qualifies for a tax credit, how federal and state incentives apply, and what factors may impact your eligibility.

Understand how elective surgery expenses fit into tax deductions, key IRS rules, and what documentation you may need for potential deductions.

Learn when Form IT-213 is required for claiming the New York State credit, how eligibility is determined, and the steps for accurate completion and submission.

Learn who needs to file the IT-203-F form, how to calculate income, determine deductions, and avoid common filing errors for accurate tax reporting.

Learn how to securely download your tax return as a PDF, ensure the correct format, and access your records for future reference.

Learn how to qualify for and claim the home energy audit tax credit, including eligibility, required documentation, and how it fits with other incentives.

Understand why Box 1 on your 1098-T form may be blank, how it impacts education tax credits, and when you might need a corrected form.

Understand how AFLAC premiums are taxed, how they affect your take-home pay, and why employer policies and IRS rules determine pre-tax or post-tax status.

Learn how interest income is classified for tax purposes and whether it qualifies as earned income, along with key reporting requirements to consider.

Understand when business interest expenses are tax deductible, key IRS standards, and how proper recordkeeping impacts your deductions.

Learn who must file Form 1040-C, how to report taxable income, required documentation, and key steps to ensure accurate and timely submission.

Learn how to determine if lawn care expenses for your home business qualify as tax deductions and what documentation is needed to support your claim.

Understand the tax implications of interest on life insurance loans, including deductibility factors, business use considerations, and documentation requirements.

Understand how goodwill is taxed when selling a business, including its classification, tax treatment, and documentation considerations.